Not at all. We encourage asset ownership in clients, this means the hosting and domain name are registered to your business not us. You set up the direct debits for hosting and domain renewal, so should you choose in the future a different provider for your website you are not beholden to us for either of these services.
We feel strongly that the hosting and domain name are business assets and should therefore be held by the bsuiness. You can therefore choose your preferred host and also who to register and hold the domain with.